May 25, 2024
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The Trump administration has recently said that it plans to ease the Huwaei trade restrictions which will make it possible for US companies to deal with Huawei.

Officials said that the Chinese tech giant would remain on the Entity List, but that licenses to trade with the company would be issued under certain circumstances.

In a speech given yesterday reported by the New York Times, US Commerce Secretary Wilbur Ross said that his department will issue licences where there is no threat to US national security. However, he clarified that Huawei itself remains on the Entity List, and the announcement does not change the scope of items requiring licenses.

During a separate event the director of the White House National Economic Council, Larry Kudlow, said the “US had opened the door relaxed a bit, the licensing requirements from the Commerce Department.”

He said that the US government will not purchase Huawei parts, but non security critical components would be allowed, according to Reuters. However, Kudlow also caveated that the intention was only to relax the requirements for a limited time period according to the Financial Times, creating the possibility that the restrictions could be re-imposed if trade talks falter.

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